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10 January 2025 | 67 replies
I really am just seeking a peaceful life without screwing up what took me 10 years to build.All my properties are paid off, I did try to go the rout of hiring a property manager (two actually) and it was sooo bad.
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9 January 2025 | 1 reply
You need to do a lot more research before even trying this or thinking about it.
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7 January 2025 | 0 replies
Especially for things like population growth/decline, economic trends etc.And what things do you recommend checking when trying to decide whether a location is a good place to invest.
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29 January 2025 | 24 replies
Thank you for your responses.Decided to try to negotiate with the current lender.
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21 January 2025 | 7 replies
Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.
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10 January 2025 | 2 replies
We try to find properties that either be modified while keeping the sales price in mind or have a flow that works just needing updating.The open concept is another point that works for some but not the way it was pre-pandemic in many areas.
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29 January 2025 | 12 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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13 January 2025 | 13 replies
Maybe try some credit unions or smaller banks in your area to start with.
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21 January 2025 | 14 replies
Working with a turnkey versus trying to find a BRRR deal yourself are two completely different strategies.
29 January 2025 | 20 replies
If they’re violating the management agreement, state your case plainly and try to work it out.